From Next Level of News: “In April, social media startup Kosmix was acquired for $300 million by retail giant Walmart. Kosmix had built a semantic web platform called the “Social Genome,” which organized social media data. The platform powered 3 products: TweetBeat, a real-time social media filter for live events; Kosmix.com, a topic-based search engine; and RightHealth, a health search portal.”
The URLs for TweetBeat and Kosmix now re-direct to a new site called WalmartLabs.com. The tagline of WalmartLabs is “Social + Mobile + Retail”.
Innovate or die, as they say. Certainly, this will be something to keep an eye on.